Consumer expectations for the housing market are showing a mixed outlook for the U.S. economy, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data August 2015 Survey of Consumer Expectations released Tuesday.
Read More »Homeless Student Numbers Reach a Record 1.36 Million
The number of homeless children in the U.S. public school system has doubled since before the recession, reaching a record total of 1.36 million in the 2013-2014 school year.
Read More »Overvalued Housing Markets Double in Q2
The number of overvalued housing markets in the second quarter of 2015 doubled from the first quarter to reach 14, according to CoreLogic’s Market Condition Indicators.
Read More »Mortgage Rates Hold Steady Amid Mixed Jobs Report
In the midst of last week’s mixed job’s report and the upcoming Federal Open Market Committee meeting next week, mortgage rates remained largely unchanged for the week ending September 10, 2015.
Read More »Homeowners Unsure of Housing Market’s Future
Although many homeowners feel confident in the current state of the market, they are a bit more uncertain about the future, Zillow’s Housing Confidence Index.
Read More »Construction Jobs Aplenty Among Slow Hiring
The number of job openings in construction overall remained stable in July, though hiring in the home construction sector slowed that same month, according the latest figures from the Bureau of Labor Statistics and the National Association of Home Builders.
Read More »Senior Housing Demand Soars, But so do Chances of Oversupply
As the baby boomer generation edges closer to retirement age, housing demand for seniors is expected to increase, but could too much of a good thing mean oversupply?
Read More »Homebuyers Offered More Financial Options From Stock Market Volatility
The recent stock market fluctuations and seasonal trend changes may have homebuyers perplexed, but there is a silver lining, according to Realtor.com's First Look report for August 2015.
Read More »Homeowner & Appraiser Perception Gap Widens Further in August
Homeowners continued to overvalue their homes for the seventh consecutive month in August when compared with appraiser opinions. Quicken Loans reported in their Home Price Perception Index that homeowner estimates were 2.65 percent higher than appraiser opinions, the largest gap in over a year.
Read More »Housing Sentiment Lowered Among Consumer Economic Concerns
Consumer attitudes toward the real estate market slid down in August due to economic concerns, Fannie Mae reported in their newly launched Home Purchase Sentiment Index (HPSI). In August 2015, the HPSI fell 0.5 points from July to 80.8, Fannie Mae said. The sentiment level is also down from the peak reached in June 2015 of 84.7 and the index is up 5.3 points from August 2014.
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